Just revisiting the calculations for a moment. Happy to be corrected.
Oil in the ground is only valued at around $10 per barrel.
The main target is for 1,000,000,000 barrels.
FAR's share is 20% i.e. 200,000,000 barrels.
200 million x $10 = $2,000,000,000 divided by 576,000,000 shares (excl conv. notes)
= $3.47 US per share.
Alternatively if target is 150,000,000 barrels calculation
would be $0.52 US per share.
Either way a good result.
Round figures only and based on extreme best result.
shell confirm yet, page-27
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